-->We’ll soon see how our markets react to company earnings reports in October, showing losses and bankruptcies from
storms and rapidly increasing energy costs, not to mention the mad rush of individuals and businesses for bankruptcy protection
before the Laws governing bankruptcy change drastically in October. This legal change, including a requirement for minimum
payments of at least 1% monthly on credit card debt will throw many marginal entities into serious financial straits!
These legal changes represent a major shift in levels of tolerance, and send an important message that the ‘debt bubble’
is about to be punctured. It’s NOT going to be pretty. We believe it will start the greatest economic setback in history. And the
government controls established for terrorists will be used to moderate an angry public’s demands for fairness and relief.

Arch Crawford